Stratasys Ltd. (NASDAQ:SSYS) posted its quarterly earnings data on Tuesday. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.40. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $174.54 million.

Stratasys (NASDAQ:SSYS) opened at 20.50 on Tuesday. The firm’s 50-day moving average price is $21.12 and its 200 day moving average price is $21.57. The firm’s market cap is $1.07 billion. Stratasys has a 12-month low of $14.48 and a 12-month high of $30.46.

SSYS has been the subject of several research analyst reports. Zacks Investment Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 1st. Piper Jaffray Cos. reissued a “neutral” rating and set a $23.00 price objective on shares of Stratasys in a research report on Saturday, October 15th. Vetr raised Stratasys from a “buy” rating to a “strong-buy” rating and set a $28.67 price objective for the company in a research report on Monday, October 3rd. Needham & Company LLC reissued a “buy” rating and set a $24.00 price objective on shares of Stratasys in a research report on Thursday, August 25th. Finally, FBR & Co restated an “outperform” rating and set a $29.00 price target on shares of Stratasys in a research note on Monday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.47.

Large investors have recently modified their holdings of the company. Zacks Investment Management bought a new stake in shares of Stratasys during the second quarter valued at about $501,000. Parametric Portfolio Associates LLC increased its stake in shares of Stratasys by 24.9% in the second quarter. Parametric Portfolio Associates LLC now owns 72,318 shares of the company’s stock valued at $1,655,000 after buying an additional 14,439 shares during the period. KCG Holdings Inc. bought a new stake in shares of Stratasys during the second quarter valued at about $260,000. UBS Oconnor LLC bought a new stake in shares of Stratasys during the second quarter valued at about $12,856,000. Finally, Hsbc Holdings PLC increased its stake in shares of Stratasys by 24.6% in the second quarter. Hsbc Holdings PLC now owns 9,632 shares of the company’s stock valued at $220,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Stratasys Company Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.